ULUU cofounders Michael Kingsbury and Michael Julia Reisser
Climate Tech

Seaweed plastics alternative startup Uluu raises $16 million Series A

- October 30, 2025 3 MIN READ

Perth sustainable materials startup Uluu has raised $16 million in Series A, helping it develop a facility capable of turning seaweed into a natural plastic alternative at commercial scale. The latest raise was led by Germany’s Burda Principal Investments, with contributions from Main Sequence, Novel Investments, Startmate, and impact investors and family offices, including Fairground… Read more »

ULUU cofounders Michael Kingsbury and Michael Julia Reisser
Funding

WA startup ULUU raises A$1.3M to replace plastic with a biodegradable alternative made from seaweed

- September 27, 2021 2 MIN READ

A Western Australian cleantech startup making a plastics replacement from seaweed has raises $1.3 million seed round. ULUU has been backed by the CSIRO’s VC fund Main Sequence, as well as Sydney impact investment fund Alberts Impact Ventures and syndicated private investment and family office firm The Eights to further develop its plastic replacement of… Read more »